Loan Amortization Homework

Home $$500,000$ with $$120,000$ down payment. Financed for $30$ years at $6\%$ APR.

Monthly payments

Create a loan amortization schedule in Excel for constant payment method.

Rework the loan amortization with an extra $$50$ in Principal.

Create a loan amortization schedule in Excel for constant amortization method.

Using first month$$s amount under constant amortization method, how long to pay the loan off?

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